Cano health announces financial results for the first quarter 2022

Maintains full year guidance miami, may 9, 2022 /prnewswire/ -- cano health, inc. ("cano health" or the "company") (nyse: cano), a leading value-based primary care provider and population health company, today announced financial results for the first quarter ended march 31, 2022. first quarter financial results total membership of 269,333, including 160,306 medicare capitated members, an increase of 130% and 112%, respectively year-over-year total revenue of $704.3 million, an increase of 156% year-over-year net loss of $0.1 million, benefiting from a $27.2 million fair value adjustment of warrant liabilities adjusted ebitda1 of $45.0 million, compared to $17.5 million in the first quarter of 2021, an increase of 157% year-over-year as of may 6, 2022, the company had approximately 208 million shares of class a common stock and 277 million shares of class b common stock issued and outstanding.
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